格隆汇November 22nd | Jefferies International published a research report pointing out that since mid-September, mainland brokerage stocks have significantly outperformed the msci chinese index. Jefferies International prefers CITIC Securities, HTSC, and China Galaxy, believing that these companies are in a more favorable position to profit from any upward surprises in A-shares. Based on improving fundamentals and market liquidity, the possibility of A-shares rising is increasing. The bank has raised its forecast for the daily trading volume in 2024 from the original 930 billion yuan to 1.07 trillion yuan, implying that the daily turnover of A-shares will reach 1.7 trillion yuan for the rest of this year. The bank has raised the target price of mainland brokerage stocks by between 33% and 100% to reflect the surging market sentiment, and has also raised the earnings forecast for covered brokerage stocks from 2024 to 2026 by between 13% and 15%.